Geyser, a newly formed company, purchased 35,000 plastic emblems on May 1. The emblems contained the company name and logo, and cost the company $1 each ($35,000 was charged to raw materials inventory upon the purchase). During May, 31,000 emblems were taken from the raw materials inventory. Of these, 1,000 were taken by the sales manager and given to prospective customers as an advertising promotion. The remaining emblems taken from inventory were affixed to units of the company's product that were manufactured during May. Of the units of product having emblems affixed during May, 90% were completed and transferred from Work in Process to Finished Goods. Of the units completed during the month, 75% were sold and shipped to customers. Determine the cost of emblems (balance) that would be in each of the following accounts at the end of May: a. Raw Materials Work In Process Finished Goods Cost of Goods Sold e. How many dollars related to the emblems were included in their May Income Statement